Investor Presentaiton
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Brazilian Economic Scenario
Annual inflation rate and Market expectations
May/13
May/14
inflation target
May/15
May/16
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May/17
May/18
May/19
May/20
May/21
May/22
May/23
May/24
IPCA inflation
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Focus inflation expectation - IPCA
· Tolerance interval - Upper limit
Tolerance interval
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Lower limit
Source: Focus Report, Central Bank of Brazil (May 2023). Central Bank of Brazil. Available at: https://www.bcb.gov.br/en
TSX: NPK OTCMKTS: VNPKF
со
May/25
Inflation in Brazil has shown a decreasing trend
since May 2022. The Central Bank of Brazil has
set its expectation for inflation at 5.80% for the
year 2023. Furthermore, the bank forecasts
inflation rates of 4.00% per year from 2024 to
2026.
These projections indicate a positive outlook for
inflation control and stability in the coming
years.
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